Edamah signs Naseef as anchor tenant of Saada

MANAMA: Naseef Café has signed up as the first anchor tenant for the BD7 million Saada West beachfront development, the Bahrain Real Estate Investment Company (Edamah) announced yesterday.

A waterfront development in the Muharraq Governorate, Saada will feature a variety of public facilities, including restaurants, kiosks, a public promenade and plaza overlooking the sea, and indoor and outdoor seating areas.

Seven buildings including 32 multi-purpose retail units and a multi-storey car park will be constructed as will a public park, other public spaces and a marina with 37 spaces for boats.

Construction of the project buildings is scheduled to be completed by the fourth quarter, while the multi-storey parking building and external works is expected to be completed by the end of November.

The second phase, covering a total area of 12,000sqm, includes a pedestrian bridge to link the old market in Muharraq to the project’s waterfront.

The design of the project took into account Muharraq’s traditional old market’s deep-rooted cultural identity.

“We are extremely pleased to begin signing contracts with tenants for this unique project and honoured to partner with Naseef Café, a traditional Bahraini local favourite, which is a true reflection of the kingdom’s culture and history,” said Edamah chief executive Amin Alarrayed.

“We also encourage entities in the private sector to bid for the units available in the leasing area within the project, which is an ideal space for owners of restaurants, cafes and family entertainment businesses to flourish.”

Naseef Café is scheduled to open to visitors in conjunction with the inauguration of the Saada West project this November.

“Naseef Café has been passed down generations in our family with the first café in Fareej Al Fadhel in 1920, to our 2013 Bab Al Bahrain branch. We are always looking to provide exciting experiences across branches by introducing unique design elements tailored to suit the various locations across the kingdom, and will do the same for our new branch in Sa’ada as a landmark location,” said Naseef Café’s owner Ameena Naseef.

Edamah is the property arm of Bahrain’s sovereign wealth fund Mumtalakat.

Source: http://www.gdnonline.com/Details/570347